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Schuler Acquires Italian Press Manufacturer Farina Presse

Monday, October 1, 2018
 

Schuler Farina PresseSchuler has acquired Farina Presse, an Italian manufacturer of presses and forging lines. With its acquisition of the engineering specialist, the Germany-based Schuler Group has rounded out its own product portfolio in the field of forging and single-stroke presses. Farina Presse will gain access to Schuler’s global distribution network for its products.

“By acquiring Farina Presse, we have taken a further successful step in our product strategy of strengthening Schuler’s market position in the mid-range price and performance segment,” says Schuler CEO Domenico Iacovelli. “Farina Presse already supplies interesting customer groups in Europe and, together with Schuler, also will serve customers in Asia and North America.”

“Becoming a member of the Schuler Group offers Farina Presse a unique growth perspective as it will give us access to new international markets,” says Paolo Civardi, general partner of Farina Presse. “In return, Schuler will benefit from the flexibility and favorable cost structures of a small-forging-line specialist like Farina Presse.”

 

See also: Schuler Incorporated

Related Enterprise Zones: Presses


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